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Sumner Redstone to step down from Viacom board

bizjournals Friday, 16 December 2016
Sumner Redstone, the 93-year-old billionaire, is expected to step down from the Viacom board of directors following a meeting next year. Viacom set the 2017 meeting for Feb. 6 at its headquarters in Manhattan. The news comes after Redstone and his daughter Shari Redstone earlier this week cancelled plans to merge Viacom with CBS after months of back-and-forth with their fellow directors. Redstone, through his company National Amusements, is the controlling shareholder of both Viacom and CBS. He…
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News video: Sumner Redstone to Resign From Viacom Board

▶ Sumner Redstone to Resign From Viacom Board 03:06

Sumner Redstone, Viacom Chairman Emeritus, will step down from the company's board after the company's annual meeting in February. WSJ's Keach Hagey explains on Lunch Break with Tanya Rivero. Photo: AP

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